are and contrast the U.S. economic record prior to 1940 and after 1950. How do the two time periods differ? What best explains the differences according to a macroeconomist?

Q: What is the correct sequence of historical change in the U.S. economy? agricultural economy →…

A: The USA economy is one of the developed economies. It has the largest economy in terms of GDP.

Q: Population growth prior to the 1900s was limited by what? What is the world’s population today and…

A: 1)Prior to 1900,there was not much advancement in medical technology,therefore deaths would be more…

Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…

A: Economics as a subject deals with the allocation, production and optimization of scarce resources…

Q: In “Why and When Did the West Get Rich?” Maddison argues that the emergence of urban trading centers…

A: When a nation/society as a whole goes through some major changes, it can also happen with changes in…

Q: In 1776, Adam Smith ([1776] 1936) published his treatise, An Inquiry into Nature and Causes of the…

A: Economic development is the process whereby simple low income national economics are transformed…

Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury…

A: An economist's involvement in development involves assessing statistics such as GDP and consumer…

Q: hat is the ideal number of growth for GDP, unemployment, and inflation?

A: Answer of the solution is given according to the current scenerio.

Q: Which are the four components of the macroeconomy? Explain the interaction between these components…

A: The four components of the macroeconomy are: Household, Business firms, Government, and Rest of the…

Q: What happens to the economic growth if the unemployment rate is too high

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Q: Describe the concept of demographic transition

A: Demographic:- The evaluation of a population on the basis of variables like age, color, and gender…

Q: In each state, how many stable steady states are there?

A: The steady-state represents the economy's long-run balance. The steady-state model assumes that…

Q: C+I+G+(X-M)--In the formula, Which letter represents the largest sector of the Macroeconomy? C I…

A: The expenditure method of GDP calculation use the formula: GDP=C+I+G+(X-M) C=consumption I=Private…

Q: Why is a country better off not isolating itself from all other countries? Why do we markets and…

A: Isolation is not a key to development and thus, there must be a free flow of services and goods.…

Q: Which of the business cycles is best describing the Philippine Economy? Why? Expound your answer.

A: Introduction: Induration, business cycles shift from over 1 year to 12 years and contain a blast (or…

Q: Demographers have been surprised that total fertility rates have fallen below 2.0, especially…

A: If we take an example of China, where they limit their citizens to one or two children only for the…

Q: Use the following table to answer the next question. Year Alta Zorn Alta Zorn (Real GDP) (Real GDP)…

A: The real GDP and population of three years for countries Alta and Zorn are given.

Q: Studies about the effects of population growth on the economy are part of macroeconomics. True or…

A: Study of economics is broadly divided into 2 streams. One is microeconomics and another one is…

Q: Why is the golden rule steady state preferred to the initial steady state

A: Steady state in an economy emerges at a saving rate where its business investment matches with the…

Q: Which of the following sectors of the economy has grown the fastest in the United States since the…

A: US economy is considered as one of the most advanced and developed economies in the world. As per…

Q: Why do some national economies grow faster than other national economies?

A: A realm in which items and services are produced, distributed, traded, and consumed by diverse…

Q: ow are major demographic forces linked with economic changes? With major cultural trends?

A: Population growth is greatly influenced by the development of a country. There is a close…

Q: What is the ratio of the GDP growth rate to the business cycle? Explain.

A: Economic development can be brought about by arbitrary variances, occasional vacillations, changes…

Q: "yy' y-..-... 2. Write down and briefly discuss the six Kaldor stylized facts about economic growth…

A: Economic growth Kaldor factors have a significant impact on the interconnectedness of fundamental…

Q: What stage is Turkey in the demographic transition model? (Draw and explain by using 5 stages of…

A: The demographic transition model allows the country to identify what stage of growth the country is…

Q: What are leading economic indicators? Why are they important? In what way are these variables…

A: A macroeconomic gauge used by researchers to analyze current and future economic activity and…

Q: What are leading economic indicators?  Why are they important?

A: An economic indicator is a piece of economic data, usually on a macroeconomic scale, that analysts…

Q: What will be the stage of business/economic cycle of each country in the next three years?

A: The business cycle is the upward and downward fluctuation in GDP that occurs in the economic…

Q: Question 1: In each state, how many stable steady states are there?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: In 1776, Adam Smith ([1776] 1936) published his treatise, An Inquiry into Nature and Causes of the…

A: The activities or policies that lead to improving the quality and well-being of the economy as a…

Q: Consumers read positive economic news and then expect strong future economic growth

A: In this scenario the consumer spending increases, which helps the economy maintain its boom.

Q: What is “Clintonomics”? Describe the changes to the U.S. economy during the 1990s. What role did…

A: An economy is that the massive set of inter-related production, consumption, and exchange activities…

Q: Which of the following is not a key macroeconomic variable? А. The unemployment rate. В. The…

A: Macroeconomics deals with aggregates in an economy and focuses on economy as a whole. It does not…

Q: what is the "Old Growth Theory," and what role does it play in Macroeconomic policy?

A: Macroeconomic policy is a process of manipulating a number of policy instruments in such a way as to…

Q: Write in detail about business cycle with example of an economy(Country)?

A: The business cycle can be termed as the fluctuations seen in the growth of the GDP which may be in…

Q: What are the main areas where did the main economic institutional and policy changes occur in 1930…

A: Turkey economy was on the downfall in 1920 due to world war.

Q: What are the major government policies play in effective role in the growth and development of a…

A: Government is very much responsible for economic growth or development of a country. foreign…

Q: Demographic transition is linked to what four stages of economic development? Preindustrial…

A: Demographic transition refers to a population cycle that begins with the fall in death rate…

Q: During a given period of time, the economic growth of a country is reflected through phases of the…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Thomas Malthus was an economist who contributed to the theory of growth. A. socialist B. new growth…

A: Thomas Robert Malthus was a scholar and economist who has contributed to the fields of demography…

Q: Describe what is meant by The Demographic Transition?

A: The economies around the globe operate with the help of various entities, such as individuals,…

Q: Political economists have offered a range of explanations of economic and human development. These…

A: A developed nation, also known as an industrialized country, has a sophisticated and mature economy,…

Q: how business cycle models and growth models are connected at the frontierof macroeconomics.

A: Business cycle models are used to interpret a nation's GDP growth rate over time. It illustrates…

Q: Does the relative durations of expansions and recessions help explain the fact that long-term…

A: The relative duration of expansions and recessions helps to understand the life of the business…